I saw that in the presentation this week - with the 85.5 Mil unrealized gain , someone slipped up on posting that 3 weeks early.
I think they will beat the EPS for the 4th Q.
When wholesale gasoline gets above $3.35 .... Know where all the exits are... it will be just about time to buy puts on the sector , don't wait till the driving season to start , waiting that long is for the bagholders.,
On WNR stock price -- it's a long road to $45. Now if they sell the refiners that reported already and bought WNR for the earnings run --- that might be fun for the WNR longs , perhaps north $45 into the earnings. $8 in 3 weeks for WNR is a tough road to hoe.
It will take the startup of the southern Keystone XL to really change the picture. That is scheduled for the start of 2014. And that will only drop the crack spreads until the northern Keystone XL gets up and running.
This buildup of USA oil/gas production is huge with long standing positive impacts on our econ. Lets pray the EPA doesn't kill the goose that layed the black-gold egg.
WOW... would this explain the drop.. oppppps.. I thought the earnings were coming out later part of the month... or was / is that another oppps..??? I was expecting some stellar earnings... Guess I was in error...:( I did finally figure out my exit... ?? another "arbitrary" decision.my own.. sure gets CONFUSING about selling something as it continues higher daily.
wonder what this major snow snow storm is about to hit. going to be ALOT of oil sold... ya know.. major demand... major sales... equals MAJOR PROFITS... hopefully..
David, good luck with that snowstorm. Looks like a back pain in the making. Better go out and buy one of those bent-handled shovels :) Rest the old heart every 15 minutes..........and we'll get to talk again next week :) GLTY
Hi David. The hedge loss was announced in a presentation they made this week. Factor in taxes and it will impact the bottom line by roughly a negitive $24 million or 23 cents/shr. The Q4 and year-2012 earnings are still scheduled to be reported Feb. 28th.